A big interest repayment is born Feb. 1, but Nio will probably go out of money upfront
Many reports arrived on the scene on Wednesday, Jan. 15 that Nio had raised $1 billion in financing from Guangzhou vehicle Group (OTCMKTS: GNZUF ).
Nevertheless, on Thursday, the South China Morning Post stated that Guangzhou Automobile had verified it would potentially spend as much as just $150 million in Nio.
Nio Is Starving for Money
Nio’s report that is third-quarter released on Dec. 30, 3 months after the end of their matching quarter. (more…)